The Conversation (2)
david cooper11 Feb, 2016
Those who’ve seen Brent Cook of Exploration Insights speak at various conferences will be familiar with the idea of peak gold. However, Cook believes that might be a misnomer. Get his explanation in under one minute.
Those who’ve seen Brent Cook of Exploration Insights speak at various conferences will be familiar with the idea of peak gold. However, Cook believes that might not be the most correct term.
“We are not experiencing peak gold per se,” he said to the Investing News Network. “What peak gold really means is that we’ve passed the peak of discovery and production.” As Cook explained, roughly 90 million ounces of gold are being mined each year, but only about 40 million ounces are being discovered, leading to a sizable deficit from that perspective.
What does that mean for precious metals investors? Watch the video to find out.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
